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to raise the debt ceiling. >> we made a mistake when we increased the debt limit the first time and gave this guy all the money to buy votes with. we shouldn't make the mistake now. >> this thinking is not only inaccurate but dangerous. >> this is a guy walking into a crowded room and saying i have a bomb strapped to my chest. and if you don't give me what i want, i'm going to blow up everybody, including myself. is that a credible threat? well, there are some pretty crazy people there. it might be that they're willing to do it. but by the same token, obama cannot give into this. >> fortunately, president obama showed no signs of giving in today. >> what i will not do is to have that negotiation with a gun at the head of the american people. the threat that unless we get our way, unless you gut medicare or medicaid, or otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. >> or to put it more simply. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> republicans,
concerned, indeed. i think the talks in the u.s. about the debt ceiling combined with spanish gdp coming out, my worries about german gdp, uk numbers at the end of this week, i think it is a rather unpleasant cocktail which is brewing. the last time, the story in the u.s. did stop the rally in its tracks. combined with bad news possibly later in the month, that could put a sense of reversal. i've been going for risk off in february and march. >> you're starting to fade this move. >> i'm recommending investors now start to back off and look for good ways of getting their risks down. >> all right. allen capper, head of strategy at lloyd's, thank you so much for your time. stick around. coming up, preparations returned way in washington for the inauguration of president obama's second term. what does it mean? we'll explore. >>> welcome to "worldwide exchange." i'm kemly evans. these are your headlines from around the world. all eyes on washington, d.c. today as president obama will be sworn in publicly for his second term, this amid continuing division owes capitol hill over physical policy. >>
in less than an hour. >> expected to tee off a vote on the debt ceiling bill. what's their new plan? we'll go live to washington next, and even with the immediate threat of the debt ceiling ahead, another's contrarian view coming up. >> chip murky's quarterly result are due out now. those numbers coming up as we continue on the "closing bell." . ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> all right. they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming
to be working for the debt ceiling debate.at expect every major issue in the coming months and years to be a major campaign style eve. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him toct on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim responsibility. it is feared there could be
back to where we were before, delaying the inevitable? >> yes, but it's not just about the debt ceiling. this is one of the reasons the inauguration comes at such a dreary times. we just had this boring fight. >> i thought it was exciting . >> that's not exciting lemplet -- that's not exciting. >> he clearly has a different idea of exciting. >> there was a fight about the sequester and the regular roll budget. the debt ceiling is one where real ugly consequences were likely to happen. an they were likely to get blamed. they want to move that to the last of fights. . it's still going to be the same fight over how do you distribute resources in the time of scarcity? >> president obama stared them down on this. he said i'm not going to negotiate. a i'm not going -- this is a separate thing unnegotiateable. they said we're decoupling it from the immediate to other showdowns coming up. >> yeah, and here's the one opportunity, i think the republicans want to say, ok, the fight has been internal for republicans. fine, democrats. let's see what you do on entitlement. let's go. you keep putting
of these earnings coming out from the banks this week as ahead of that debt ceiling debate? >> sure, maria. our equity portfolios are fully invested. we see no reason 2013 can't deliver very similar returns as 2012 did. the fact is we still have a good fundamental backdrop. the economy is expanding. it's not contracting or growing. value sheets are strong and valuations are very attractive so what is there not to like? >> you're our resident skeptic today, and i would point not to the normal averages that we quote every day, but look at the dow transportation average which could close at an all-time high today. the transportation companies, often a leading indicator for the economy. if they are doing well. chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what'
simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceilinfrom years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and now it is a source of a contentious debate that is still raised, and so it is unnecessary. what we need to do in the u.s. is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn
recently and the upcoming fight over sequestration and the debt ceiling. >> all the good feeling that comes with somebody like president obama in his first time around, a lot of that has dissipated. at the same time, there will be an actual drop off in excitement, just because someone is going through this for the second time. they have some critics they did not have four years ago. >> absolutely. that is a natural progression for any presidential term. and its advisers have indicated that he will try to work more with congress in the upcoming four years. it will be interesting to see how he tackles that in his speech today or is that comes up at all. >> we look forward to it. lana, thanks so much. this is very different in so many ways. we will talk more about that throughout the show. back to you. >> thank you. in other news, barbara walters of abc is in the d.c. hospital after falling at an inauguration party at an ambassador's home. an abc news spokesman said the 83-year-old fell on saturday night on the steps of a residence of britain's's ambassador to the u.s., leaving walters with a
coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business own whole wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that we're in a compromising mode than we heard, say, a week ago. right now they're talking about perhaps an increase in the debt ceiling that lasts for a couple of months, that is offering that to the president. frankly, and russ say agree with me here,
the doomsday scenarios were bad under the fiscal cliff, just wait for what's coming next. >> the debt ceiling talks are under way. president obama warns the dire consequences if congress fails to raise our borrowing limits. in tonight's reality check, sam brock explains why most people should just take a deep breath. sam? >> raj, it would be therapeutic if nothing else. there is certainly little refuting the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of americans who rely on government paychecks for one service or another, of the consequences of a u.s. default. >> may not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, spe
here comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system will come into washington by television and say oh, my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible. >> the only problem for john boehner and company, you couldn't just tell them they can't. they wouldn't accept that. so at the retreat this weekend, house republican leaders have been trying to coax their leaders down from the tree, not all the way, not completely on to solid ground, but maybe on a more secure branch. house majority leader eric cantor said next week, we'll authorize a three-month temporary debt limit to give them more time. further if they fail to pass the budget in that time, the members of congress won't be paid by the american people for failing to do their job. no budget, no way. so in other words, house republicans say they will raise the debt ceiling at least for now, raising it without actual passing of the equivalent number of spending cuts.
low. that's where the complacency comes from. you see it there. as we move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was up 16%. that was the biggest year over year increase in u.s. oil production since 18 at which just happens to be when we started producing oil so if we think about what's going on. we have right now -- right now we produce oil at 80%, the same price the rest of the world does. we produce natural gas at 25% of the price the rest of the world does. we have cheap energy here in the united states and we feel that will drive manufacturing back to the united states, create jobs, and when all this political s
is larry lindsey giving his clients as the country approaches the debt ceiling. we find out when we come back. >>> plus earnings still to come from goldman sachs, reaction from chris whalen, back to analyze the numbers with us. jacque wi "squawk" will be right back. >>> comments, questions? send them to cnbc on twitter. send them to becky, joe, andrew and the "squawk" staff. i got this snapshot thing from progressive, plugged it into my car, and got a discount just for being the good driver i've always been. i'm just out here, snap-shooting it forward. you don't want to have to pay for other people's bad driving, do you? no. with progressive snapshot, you don't have to. i'm going to snap it right now. bam, there it is. goes underneath your dash. keep safe, and keep saving. you know, i won't always be around to save you money. that's why you should get snapshot from progressive. all right, dude! thanks! to the safe go the savings. stamps >>> welcome back to "squawk box." futures lowered, a lot lowered by 53 points. and jpmorgan, $1.39 per share. that was the beat but if you exclude value
and see what happens. >> bill: when it comes to the debt ceiling as the president pointed out yesterday over and over and over again because he kept getting asked the same question at the news conference, raising the debt ceiling does not say we are increasing spending. in any way whatsoever. it does not mean spending. what it means is -- congress authorizes spending. they demand spending on defense or on whatever the program happens to be. a new war. a new tax cut for the rich. they demand the spending. and then they have to -- it comes time to pay the bills. raising the debt ceiling means we agree we're going to pay the bills that congress has already spent. right? we're going to pay for the stuff that congress has already bought. as a president i thought it was an excellent analogy yesterday. you don't go to a restaurant and order a fine meal and then say i'm going to start cutting back right now. i'm not going to pay for that meal. you already ate it, babe! right? >> that's right. how fiscally conservative for them to say we're not going to pay that. let's just clear up this false e
in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing constant tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expected to draw roughly a third of the nearly 2 million people who ca
reckless to continue raising the debt ceiling without having democrats come forth with a budget and the president of the united states coming forward with a plan to save medicare, medicaid and social security. we had irs skin bow er sk erskine bowles on. and steve rattner agrees and good democrats agree medicare and medicaid are going to bankrupt us. this president is doing absolutely nothing at all! nothing at all to save us from the debt crisis. >> in fairness, that's two separate conversation, the debt ceiling versus how we balance the two programs, i should say create reforms there so we can create new savings. you know as well as i do, the debt ceiling, they ran these bills up a long time ago. whether they should have or not and whether the president should be more responsible in this conversation, i would agree with you. to reduce the debt ceiling, we talked to businesses outside of new york, if we don't raise the debt ceiling, it's a potential, reality for wrecking -- >> that's the wrong time. >> the debt ceiling is the wrong time to do it. >> saying you can't do it with
bob goodlatte later on. next we will switch topics and take a look at the debt ceiling debates coming up as well as tax reform with the top democrat on the house ways and means committee, sander levin. we will take a break and we will be right back. >> ♪ ♪ [video clip] >> the greatest honor history can bestow is the title of peacemaker. this honor now beckons america a chance to help lead the world at last out of the valley of turmoil and onto the high ground of peace that man has dreamed of since the dawn of civilization. [video clip] >> we must embark on a new program, the benefits of our thentific event advances, for improvement and growth in underdeveloped areas. >> this weekend, exploring the history and traditions of presidential inaugurations. live saturday morning at 11:00 eastern, part of three days of american history tv, right through inauguration day, on c- span3. [video clip] >> he had been talking about this dream that he and had. he talked about it for years, the american dream, then it becomes his dream. he had been in detroit just a few months before and he had ta
to come to their senses and realize this debt ceiling is a tactic that is really turning its head against them not against the president. so i think that you're always going to see the president making the effort to reach out. and spending, he's actually done that already. and that's where he's going to have to work with democrats as well as republicans. >> well, you supported both abolishing the debt limit and having the president use the 14th amendment. i'm wondering how you see the debt ceiling play out. >> well, i'm seeing the republicans starting to cave on that. they're hearing from the -- the president has made it clear he's not going to play that game. and if we mess with the debt ceiling and have another credit downgrade and the interest rates we have to pay on our debt go up by 1%, that's $1 trillion additional cost to the taxpayer. and that's just crazy. >> when you say cave, are you talking about paul ryan who says maybe what we should do is increase the debt ceiling for the short-term? >> no, actually, i think that's a bad approach. because we just lurch from crisis to crisis
about that. we have the debt ceiling vote, whether it's coming at the end of february or three months later, that's looming. it's a major issue. it's nonoptional. and as david said, something like universal background checks, "washington post" poll showed 89% republicans support for. it won't translate into that level of support in congress. >> we're talking about domestic issues. clearly the president wants that to be his focus. he'd like to have a more robust recovery than the first term. again, we're often surprised. events overseas can capture the attention. the president wants to look to asia and china, but he's got a middle east in north africa that is unpredictable if not worse. how much, david, do you see the world intervening in the second term? >> a lot. and historically, it's intervened more and more partly because presidents have also sort of invited that. >> yes. >> as domestic power has wound down, they've turned to the international side. but here suddenly north africa seems explosive. and i don't think the president, as much as he wants to pivot, i just don't think he
. there is plenty of money coming in regardless of what happened to the debt ceiling. >> many recipients rely on their monthly checks to make ends meet and economy benefits from them spending money. there would be a trickle down effect and the treasury department would only have enough funding to cover 60% of the country's financial obligations. some think something has to give and something has to be done if the government is forced to pick and choose, what would save social security from being targeted? >> first off they would prioritize and the elderly and social security they care about. they would be the first ones that will be taken care of as far as the medicare and medicaid. that is why i'm not worried about that. in the past when it happened in 1996, they took treasury took special steps to ensure things got paid out until things got done. i'm a big believer there is enough fed up americans right now, and these politicians realize they are getting more fed up something will get them sooner than later, just like the fiscal cliff. >> heather: you mentioned what happened in the mid 1990
boehner, they have a plan when it comes to the debt ceiling. they will pass a debt ceiling, the gop will pass a debt ceiling extension for the next several months, in exchange for something to happen in the senate. what they want to have happen in the senate is the senate to pass a budget. as you might know as well, the senate has not passed a budget in several years time. so that is what that, this is negotiating point. the house says they will go ahead and do this. they will extend our debt limit, our credit limit, if you will in exchange for seeing a budget passed in the senate. now it is worth noting as you might know, charles krauthamer comes out with an editorial every week in the "washington post" and he actually wrote about this idea today in his editorial saying almost exactly the same thing. i'm going to read this part to you. the more prudent course, he is talking about the debt ceiling debate, would be to find an offer that can not be refused of the short-term tradeoff utterly unasailable and straightforward. for example, charles krauthamer writes, say, extend the debt c
the spending problem to go unresolved. the concern is that if congress fails to act on the debt ceiling, the national economy could dip and that could likely have and i affect on california's budget numbers. >> the risk to our forecast numbers could come next month and that's what the federal government chooses to do or not to do regarding the debt ceiling. >> the budget released by governor jerry brown showed a budget surplus for the first time in many years. >>> right now it is 4:44 let's check in with sal on an early morning report on traffic. >>> good morning everybody, it is chilly, let's take a look at traffic on 880 westbound as you head to the mcarthur maze. if you are driving there, it is cold but visibility is good if you could think of the silverling. for most of the area, the bay bridge toll plaza looks good. if you are driving in downtown san jose it looks nice. 4:45 let's go to steve. >>> another cold one out there, i tell you this is a long stretch, 1990, 1997 and we had some very cold weather. it is really only two days. cold frosty conditions, there is frost and freeze
on republicans when it comes to catch this list gun safety, cabinet posts, the debt ceiling. and it's looking like they're finding success. is this a preview of a winning second obama presidential term?? malika henderson is a political reporter for the "washington post," and glen thrush for politico and co-author of the ebook "end of the line." i nice you'd. i missed you. i've seen you on other shows, i've seen some sighting, but thank you for coming back. let's take a look at him now in his first press, the last one of the old year, the president warned republicans not to play politics when it comes to the debt ceiling. here is the president. >> but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> and that's yesterday's last press conference of the first presidential term. this morning, newt gingrich of all people reacted by saying the president was bullying republicans. that's a long way from sayin
clear, definitive decisions. you lost. let's come together and compromise. pass the debt ceiling and talk about spending cuts if that's what you want to talk about. >> i want to read what "the washington post" conservative columnist had to say about the republican strategy. here's what he said. he wrote, obama's post-election arrogance and intransigence can put you in a fighting mood. i sympathize. this is what he's telling the republicans but i'm tending toward the realist view. don't force the issue when you don't have the power s. that what we're seeing with the debt kreeling in they don't have the power and maybe taking this advice from the conservative columnist? >> it's rare i agree with charles krauthammer but don't fight battles you can't win and don't go to the brink to be perceived as pulling back and therefore losing. this is not a fight they can win. it's certainly one they can lose and i think, though, just doing this three months, we are not done with this. if you're a crisis junkie, we are in the position of not only did the fiscal cliff not end this, we'll talk ab
ceiling skirmish comes three days after the house finally passed a $50 billion aid package for victims of hurricane sandy that the white house had proposed. the vote on tuesday was another show of weakness for republicans as the gop leadership let the bill come to the floor despite the fact that only a small fraction of republicans supported it. the bill passed with 241 votes in the house only 49 of which came from republicans out of a total of 240 republicans in the house. the decision to bring the bill to the floor was a violation of the so-called hastert rule named after former republican house speaker dennis hastert who says that a bill should never be brought to the floor unless a majority of the majority can support it. the apparent disunity within the republican caucus offered house democrats the faint hope they might have a bigger role to play in the new congress than as the house minority over the past two years. the house democrats' new role in fact may prove crucial in the next major legislative battle over gun control. on wednesday the president proposed a package of gun la
have a question about this debt ceiling thing. how come nobody talks about the pay for the congressmen and senator. i have called several times to people like cantor and boehner and asking how much does it cost just to turn on the lights there and you guys to sit in the chair and say nothing. >> stephanie: right. there you go. if you want to cut the useless fat, cut their salaries, but not jan schakowsky. >> yeah, he is awesome. [♪ "world news tonight" theme ♪] >> stephanie: jim, glen beck is planning to construct a self sustaining libertarian camp in texas to the tune of $2 billion. >> it's like two time share companies sitting across the hall from each other -- isn't there one in idaho? >> stephanie: they have an amphitheater. >> how will they agree on anything? >> anarchy. >> i want what i want right now, and you -- >> stephanie: no traffic lights nothing. just go! go! whatever you want. >> no water. no roads. >> stephanie: no. he is planning to construct a self sustaining libertarian community. he dubs it independence park. it will be styled a
ceiling which will come into play.
the republicans were down and out. think again, the house will vote for a three-month ceiling on the debt seen and comes with a price. g.o.p. leaders said they would vote for the extension, but that the measure would also require the democratic controlled senate to pass a budget and if ne do ththey fail that, pay for lawmakers will be withheld. and we've got to look at the house and spending problem. no budget, no pay. joining me now with reaction. congressman david schweiker and walldon. i was skeptical when i heard the republicans are giving in already. i had a couple of discussions this weekend, and some of your colleagues, explain the rational. number within, they say sequestration that's cuts are going into effect and force the president and senate to come one a budget and the senate didn't pass a budget in three and a half years. i liked it more when it was explained to me. is that about right. >> i think it is, sean and about time the senate did the legal responsibility of passing the budget we passed one each the last two years we'ven been in the majority. the ryan plan laid out how to
's and business leaders and talking about the fiscal cliff and the debt ceiling debate coming in the weeks ahead and you'll remember at a previous jobs council meeting, the president made a comment that back fired on him and to what jay carney said about the president and the economy. >> shovel ready was not as shovel ready as we expected. >> the reelection was in some ways for all of us here, you know, a humbling experience because it was an assertion by the electorate to said despite how hard the last four years have been on this country because of the great economic crisis that we were in when the president took office, that the steps that we've taken have been the right steps, and more work needs to be done. >> more work needs to be done. when you talk to the president's top advisors, they say he wants to act quickly after the inaugural address and state of the union coming up in february to work on key domestic issues like immigration he reform, like gun control that he's been talking about throughout this week, but he realizes as well, they say, that he's got to keep his eye on the ball in
with the debt ceiling. all of this about the budget which could quickly overtake the second term. >> david gregory, thanks very much. i want to let folks know, tomorrow morning on "meet the press," david will be joined by senator chuck schumer of new york, head of the joint congressional committee on the inaugural and ted cruz, the new republican senator from texas. >>> and for washington, the second time around is never quite the same as the first time a president is inaugurated, but still there is an air of anticipation and excitement as this city prepares. nbc's ron allen has that story for us tonight. >> reporter: it's estimated half a million people may attend president obama's second inauguration. what maybe the largest crowd ever for a second swearing in. >> i'll take it to my grave that i was actually here during this event. >> i'm really excited for his second term, and i have high hopes. >> i, barack hussein obama -- >> reporter: four years ago, people gathered for one of the greatest historical moments. historians say the second time around, inevitably does not match the first.
-for-one cuts that come from the boehner rule for any long-term debt ceiling extension system of if we look at that, it means that in 10 to 15 years, with very little help from the democrats, we can achieve a balanced budget which is much better than even the 23- to 27 -- better than the 23 years to 27 years and obviously better than the never balancing budget obama and the democrats have proposed for the last four years. so you look at all the data out there. all the public opinion polls say that the american people think we're spending too much money. that the american people think that we are taxing too much. but the problem is that as republicans, i think this goes to what representative huelskamp just said, as republicans we have been seen as the party of big business. and we should never be the party of big business. we should be the party of individuals. the party that helps individuals have a fair share. we have a system that is unfair to small businesses, to individuals, we have a tax system that is unfair, we have a regulatory system that is unfair, and when republicans once again
when it comes to the debt ceiling. here's the president. >> but they will not collect ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> and that's yesterday's last press conference of the presidential term. newt gingrich of all people reacted by saying the president was bullying republicans. that's a long way from saying he's weak. now he's a bully. let's watch. >> i don't think we should pick fights where we are in a position that we can't, in fact, in the end enforce our will. we have no evidence that barack obama's going to compromise. i think this president is deliberately seeking confrontation and is going out of his way to bully house republicans. >> we'll see. winston churchill once said when people like newt hung around in politics after they were defeated, we more disappearages. i wonder my thought about this guy. why he's still on television. anyway, newt gingrich said the president's a bully. your
the debt ceiling. and in the rewrite tonight, the idiotic things republicans are saying about guns, and why president reagan and president george w. bush would disagree with them. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. kozachik, k >>> a quick update, joy reid and karen finney apparently didn't change the minds of the nra in the first segment, the ad regarding president obama has not been taken down. the ad has been making the website crash and sometim
that he will not enter into any negotiations when it comes to the debt ceiling. that whole episode yesterday prompted some criticism from kirstin powers last night. take a look. >> i thought his tone was very petulant and acting annoyed that people were asking him questions. and they were actually doing follow-up questions which they normally don't all do. and that was good. they were pressing him on the things. he was being asked about his house vote that you just referred to and i think he didn't do a great job of explaining the situation, because i think that this back and forth that is going on about whether we're going to default or not isn't really the point. martha: so here is major garrett, as he presented the president as kirstin just referenced on his prior voting record on debt ceilings. take a look at this exchange. >> what chuck and i and many people are curious about is this new adamant deviewer on your part not to negotiate when that seems to conflict with modern presidents on the debt ceiling and your own history on the debt ceiling. >> getting votes for the debt ce
spending like nobody's business. you mess around with the debt ceiling i'm going tell you, buddy, the whole world, fiscally, economically and politically is going to come crashing down on your head. >> nobody wants to mess with the debt ceiling. what we want to do is to have a reasonable plan to raise the debt ceiling while getting on a path to balance. the only way to get spending cuts is to fight for spending cuts. the only way to have a debate is to debate. for the republican party to build in a bunch of assumptions about what the president will or won't do six weeks from now when we haven't even had a debate is putting the cart before the horse. let's say we'll raise the debt limit so when you go to college our fiscal house is in order. >> i want that debate. tony, you look at the "wall street journal" today a couple of important news articles. these are news articles. gop split on debt ceiling approach. that's one. some in gop, don't pay all the bills now. all right. debt default and prioritization. okay. prioritization in particular, tony, there's 80 million payments per month. can yo
voted against the debt ceiling too. now, how does obama come away with that kind of history and accuse the republicans of shutting down the government and demonizing them? how does he do that? >> well, i think there's a long history of partisan hypocrisy and deal making on this deal. what we see obama doing is trying to take control of that political fight so that those who would get political advantage by say voting against raising the debt ceiling which tends to be popular. people -- you know, the american public, they hear debt ceiling and they think no, let's not do that. that sounds awful to give government more money to spend. he's trying to turn it around. but it absolutely is a dynamic that he exemplploited when he w senator. >> robert costa, let's look at this for a minute. republicans have a tricky situation. because the country does not want us to default. and this whole business of managing accounts and prioritizing, there's 80 million payment accounts. i know the interest on the debt will be paid, but to some extent the gop has got to watch itself, robert. they could come
bypassing the debt ceiling -- on congress's behalf. >> democrats are urging the president to use executive order to say congress, i don't node to you raise the debt ceiling, i am going to do it on my own. i want everybody to know,utive order -- high is not the first president and won't be the last to use executive order. frankslinrosis velt passed 37 executive orders and clinton and reagan did 350-plus. i am talking about policy issues of significant magnitude that need to have a full public vetting. the american people need tock engaged in the process. we need hearing on the matter ogun control, specifically. and we really need to talk about mental health and how we as a society are not embracing people with mental health issues. that's a bigger conversation, i know, neil. >> neil: thank you for indulging all of this breaking news and being on top of it. we told you about the mulvaney amendment, matching dollar for dollar, any aide they are getting in like-minded cuts from discretionary spending. that was defeated, as expected on the flor of the house. to missouri running senator roy blun
in the nation today. it's the only path forward. >> president obama nor congress and the debt ceiling? >> i would hope that it wouldn't come to that. but if it has to, then it must. you know, we can't let extremist put us into default and play chicken with the full faith and credit of the united states of america. that's what they are. people talk about this, and i have been watching the last two days -- when i hear that people say let's just go into the fall, i say this person is from another planet. this person is not from this planet are you the notion that we would do that boggles the mind and good common sense of the vast majority of americans. >> what is your perspective on america's melting pot being better reflected in small towns were rural america? what would civic leaders learn from that experience of small-town mayors. >> well, i think we are enriched. i know that i am. my kids have grown up and i tell people, you know, my kids have been in the homes of persians and iranians and armenians and koreans and filipinos and mexicans and italians and greeks and jews and muslims and we
increase. >> you also will need to have a budget in place in order to come to that debt ceiling debate as the republicans have laid it out at this point and you're also going to be dealing with the deficit and all of the other issues. so are you basically saying you don't think anything's changed here? >> no. i think the republicans have realized it's a political problem and a real problem if we jeopardize the full faith and credit of the united states. i'm not sure they understand we need to pay our bills. they seem to be confused if they only proposed three months. a clean debt ceiling is the only way to go. when we get to march 2nd and the sequester deadline approaches again, we need to focus on a balanced debt ceiling focus. that's what this is about. the americans made a decision. they embrace president obama's idea that we should have revenue and closed tax loopholes for the wealthiest pay more and reduce spending in a balanced way. >> i think what people also hoped that they were voting for was the democrats and republicans would get in a room together and wo
right this guy -- maybe this time he means that he is not going to negotiate on this debt ceiling. do you sense that's what is coming out of this? or is there a darker path that they are trying to follow? >> well, what has me so intrigued are the at attentions between the house republicans and the republicans in the senate. if you look at the sequestration and automatic budget cuts, it looks like the house wants to try to blame the senate if things fall apart. so they can say now the burden is on the senate which they have to agree to an overall budget deal by april. and then they can say at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to negotiate at a
and consequences of them coming up. there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this tr
street lower today.. this morning >>> worry over the debt ceiling is keeping wall street lower today. yeah, but it's up a little bit up 20 points at this point with a little over an hour yet in trading. >>> some big anticipation this morning for facebook's big announcement. ceo mark zuckerberg revealed the social network's new search feature. it's called graph search and enables users to search for information about their online acquaintances. for example, it's possible to look among friends of those who live in a particular city and like a specific movie. zuckerberg says graph search is privacy-aware in the sense that users can only search for content that's already been shared. >>> and this is pretty cool. walmart is vowing to hire every veteran who wants a job. walmart projects it could mean hiring more than 100,000 veterans over the next five years. hiring pledge is good for veterans who are within 12 months of leaving active duty. right now walmart employs 1.4 million workers here in the united states. >>> if you haven't gotten it yet you pr
in america. debate over the fiscal cliff, the debate over the debt ceiling and the budget show dunn. all three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the problem. this is the most dangerous thing. this is almost a nuclear option. this is really playing with very dangerous things. and one little mistake could be devastating to our country. >> and yet you still come on day after day and smile with me. thank you. always good to see you. >>> by the way, i just want to remind you if you're doing the math, the treasury says it might come up short in its payments as soon as february 15th. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> from legend to liar. can i just show you right off the bat what the cover of the new york "post" says today? that's the bracelet you know, but look very closely. it doesn't say livestrong. it says lie strong. according to reports, lance arms
, are you also going to be faced almost immediately with the whole crisis over the debt ceiling. not house has been holding really firm. what do you think about coming into this partisan divide coming up here in congress? >> well, i mean, i hope to be part of a freshman class and a group of folks in congress who can take care of the finances and systems without creating more self-inflicted wounds. we know that last time we went through this it hurt the stock market nationally. it hurt our bond ratings. we have to create something that doesn't create this self-inflicted wound every couple of years. >> half of the time, the great castro brothers from texas. thank you very much. we look forward to seeing you when you are here in washington. welcome to congress. >> thank you. thank you. >> and up next, second term challenges. how can president obama work with republicans? mary madeline joining us, and still ahead, the heisman hopeful, and the made-up girl friend. was he a victim or an accomplice? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to wo
presidents in this country, and there's been a debate, every time, it has come to raising the debt ceiling. because there's a recognition, for years now, that the federal government has been spending way more than it should, way beyond its means, much more than it's actually bringing in. and now, it is -- we cannot continue to kick this can down the road. we've come to the end of the road. it is time for us to stop spending money we don't have. >> former republican speaker newt gingrich is not exactly conflict averse, i think you'd agree, and he has warned the house republicans not to take up this debt ceiling fight. listen. >> asking barack obama not to be a big-spending, high-taxing liberal is a denial of everything that we've learned about him in his career. it's much better for the house republicans to say, this is what we're prepared to do. there are dozens of places you can dramatically change spending without having to get involved in a general crisis over the u.s. debt. >> does he have a point? do you think this is a message from the former speaker that's worth heeding? >> well, we
to issues like the debt ceiling? you said republicans were more flood throwing the country back into recession, talking about gun control, saying, ask, you should call your congressman and ask why they are against us, is it because of the nra, they care more about them than they did about first graders are. what do you make of the tone of the president at this point? >> the president, candy you seems so fix said. the president seems so fix said on demonizing republicans that he is blinded to the opportunities as well as the obligations that he has to deal with big problems in this country on debt and entitlements. >> the same problems on the republican side as well? >> the president if he hits the reset bunt, like did he with russia, time to hit the reset but the within republicans and look to the inclusions of the major problems and divided government a perfect time do it, candy. >> senator john barrasso, thanks for joining us this morning. >> thanks for having me. >>> coming up, the next four years with former senator russ feingold, former speaker of the house newt gingrich, "
of spending for every dollar the debt ceiling is raised. time now is 6:40. coming up, a terrifying turn of events in spain, a woman faints and falls in the path of a train, who came to her rescue. >>> the market just opened ten minutes ago, let's get a quick look at the early numbers here. our boards are not, woulding but we'll get an update from jason brooks. holly quan, holly quan a woman in spain faints and falls onto train tracks... she is rescued just as a subway is >>> caught on video, a woman in spain faints and falls onto train tracks and is rescued as a subway train is approaching. this happened yesterday in madrid. an off-duty police acted immediately. at the same time, people on the platform waved frantically to tell the train operator to stop. the woman's condition is unknown. >>> nonstop flights between san jose and tokyo are on hold through next monday. al nippon airways is grounding 787 dream liner aircraft, investigators are trying to address potential fire risk after incidents of battery- related smoke and heat damage. >>> tomorrow al
to the debt ceiling if we -- there's two separate questions here. one -- and there's two separate ideas of is there something to negotiate. one is debt ceiling, and what the president is saying there's no discussion on that. on the government shutdown, there seems to be a different tone from the president. i'll get to that in a minute, but on debt ceiling, you're absolutely right. when you take that sentence, what he was trying to say, because he's not talking about having plan "b"s in his back pocket, things like minting coins, 14th amendment, which senate democrats are begging him to do. he's saying, no, if we default, he wants to make it clear then republicans will have decided not to send out social security checks, not to pay our military, not to do these things, so you're right -- he's hoping that the political blame -- now, the irony here, chris, is senior republican leaders, they agree with the president on that. they know that that's a politically bad place for them to be. the question is it's going to shift to the government funding and shut down going forward, and there talki
along, the debt ceiling, which -- we don't use that tool, either and apparently we don't use any tool it takes to get our credit situation where it needs to be. but, passing a budget would be a big moment and i'd like to see us do that. >> chris: let's talk about a couple of the tools you could conceivably use. and that raises the question, when should republicans make their stand on spending cuts? some people are saying, do it on march 1st. when the automatic sequestration cuts, $100 billion, for the next year, would kick in and that you use that as an opportunity to demand the spending cuts. others would say, march 27th, when you run out of money and the government would shut down. is there a point, there, that you see, when you think congressional republicans, house and senate, could say here's what we'll demand, serious spending cuts? >> well, i think all three of the points, the two you mentioned and later, either right now, at the end of february or if we kick it forward to the end of april, the debt ceiling itself, they all become moments to talk about spending sequestration, i
in washington. it was a learning process. you know, there were bumps along the way, the debt ceiling crisis with republicans refused to come to the table and compromise. we had to take it outside washington to affect change inside washington and we've been successful at that. >> jody canter also mentioned the obama are more confident, though more scarred. you were the chief of staff for the first lady during the 2008 campaign. how has the last four years changed her? some say it's changed mrs. obama more than it's changed president obama. >> i don't think that's true. i think you look, we're all human and being the president and first lady is an incredible privilege and they appreciate that every single moment of every single day but it's also not an easy job. the first lady relishes in the things she's been able to get done. the let's move campaign has mobilized the country around keeping kids healthy. the things she's done for military families and the great concert we had last night to celebrate military families. you know, i think like anything in life, four years into it, you have a be
in the coming days. today on our show, president obama is readying for a fight on the debt ceiling, or maybe not. will he be able to coax republicans in congress to do something, anything, or will the party of no take a page from its 2011 playbook? we'll dance on the debt ceiling with andrew ross sorkin, ryan grim, steve, and joy reid. plus, telemundo weighs on in immigration reform and whether the gop can get it together. after that, slate's talks about the hurdle of american workers and employees who are cutting hours to avoid paying for employee health care. we'll discuss lance's lies with investigate i sports journalist sell evena roberts. all that when "now" starts in a mere 180 seconds. you peace of mind. unbiased. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? go to e-trade. we've g0t over 8,000 mutual funds and not one of them has our name on it. e-trade. less for us. more for you.
and taxes have something to do with it. coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. ll your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged
sides when it comes to president and congress, this debt ceiling fight. >> that's right. although now we're seeing some of the temperatures lower there because every was expecting for this to be during the last time out, republicans saying let's deal with this for the next three mos, deal with the longer one later. the white house encouraged -- they're encouraged by what they're hearing but clearly it's not going to be easy. but certainly i think not as contentious as we were thinking in the short term. >> we'll see how that relationship develops if at all or e vovls throughout the next term. dan, thanks very much. john has some of the other headlines this hour. >>> including the manti te'o story. twists and turns if that mysterious case of the notre dame linebacker and his fictitious girlfriend. notre dame linebacker says he was the victim of a cruel hoax. he spoke off kacamera with espn jeremy schaap and said as recently as last wednesday he believed his girlfriend was real person even know he never met her. schaap says he seemed believable and sincere throughout the interview. >> i ca
this, go ahead, make my day. i think you will see on gun control, debt ceiling, on everything down the road, public pressure from the president rather than wasting his time on events that the republicans don't even want to come to at the white house. >> yeah, howard, my experience in the senate in the '80s and '90s, was simply that, the big difference was opponents treated each other much more respectfully, they did oppose what they were trying to do. but they didn't try to use tricky tactics. they were very open, honest about it. they let each other know well ahead of time. they didn't try to block every maneuver in parliamentary terms. but on anything important, i never saw anybody get a vote out of friendship or socializing snow yeah, i think that is right, i think there were times back then when somebody was >>> does gop mean guns over people? let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. this afternoon two men were wounded in yet another school shooting. this time in st. louis. today's shooting comes as the repub
ahead in the coming weeks as they deal with the debt ceiling. also, those automatic cuts to defense and domestic spending. plenty more battles ahead over spending, shep. >> shepard: mike emanuel on the hill. the bill has passed and the president will sign it into law. two weeks after congress approved a separate measure to borrow $10 billion to flood insurance claims from sandy and other disasters. throughout the areas sandy hit hardest we are hearing stories of people growing increasingly frustrated in delays by getting money they need. >> the whole outside of the house was ripped apart with waves. >> the waves washed out 16 years of family mementos from this water front house on new york's long island. >> what you see is exactly how we found it after the hurricane. >> jane long-term says she will -- letterman says she will have to tear down the home she loved. two months after the storm she is still waiting for the insurance payment to get her started. >> this is a shame. it's just a shame that, you know, this had to happen. but the thing to do is to fix it as fast as possible to
that's at risk from the debt ceiling debacle? but the full faith and credit of the republic itself? how long can we shrug off this grand canyon plunge that's coming? as we did again with another benign day, dow tipped 29 points, and nasdaq advance advanced .22%. this is behavior. is the market actually smarter than you and i think? i'm starting to believe the latter and tonight i'm going to tell you why. first, i don't necessarily want to invest in a country if it doesn't pay its bills. dead beat country, but i don't mind if it can't pay for its bills but for a moment refuses to. it must honor its debts no matter what. i believe passionately that we will pay debts in a timely fashion. congress is supposed to hold the purse strings, but the american people are less stupid than washington thinks they are. they lived through another one of these scares. that time, we were frightened, frightened about what a ratings agency downgrade would mean to the country. do you remember where you were that weekend when we got the downgrade? i know where i was. philadelphia eagles training camp. and the
and the tea party group they fund has come out against using the debt ceiling as leverage rather than holding it hostage. and yet the republican congress is still in turmoil over whether this is the right thing to do. i was fascinated by mrs. miller's comments regarding the escrow and whether or not interest would be undertaken. i was looking at the 401k maneuver for $150 billion taken out of the 401k plan of congress and the federal employees. and the first thing that came to my mind is, if you are going to take $150 billion out and i don't have many money over there, but you don't get interest. it ain't but a nickel, but a penny and somehow or another that seems to be a problem here as well. but being out of sight doesn't mean being out of mind. and the republicans can't will away our national responsibilities just because it conflicts with the ideology of your more extreme members. i imagine come may, my friends on the other side will find another loophole that allows them to pay off the debt ceiling for another three months. we emerge from almost crisis to almost crisis through the next y
of whether the debt ceiling should be a debate. >> we're told in response to this report coming out of the white house, one white house official said it is a terrible way to run the country. when asked if the president would veto a short-term extension, the official would not say yes or no, but reiing rated the president's opposition to creating a series of self-imposed crisis. that from kristen welker at the white house. this is putting the onus off the back of the house republicans. this is a big result coming out of they are retreat in williamsburg where paul ryan and others were basically indicating that they can't win this battle. >> the president's press conference, the ball in your court press conference, this is the republicans hitting the ball back over the met saying it's now in your court. we should see. can i make one other quick note? i want a whole andrea mitchell reports on old andrea mitchell footage of presidential interviews and inaugurations. that is a ratings bonanza. >> you are going to see that today, so just stay with us. >> with no shame for all of those old
up next week a short-term debt ceiling extension. is it too short? does this get us past the hump? >> well, you know, look, this is an attempt by republicans to acknowledge that in a way president obama has won on the i won't negotiate. >> it's not ending the problem, but it is an acknowledgment by house republicans that having that fight right now is not one that is politically advantageous for them, and not advantageous for the country. it does not mean, however -- obviously, it does not mean that we may not have down the road in three months time, and now kind of mid to late spring, we may not have the fight we are expecting to have next month. >> only 44% disapproval rating for the president. that's a pretty good head of steam going in. real concerns about whether the president and congress can do mying about the economy, which is job one. >> the vast majority say it's in the wrong direction. there is a pessimism, is the best word i can use, about the deposit's willingness and i think even more worrisome ability to fix the problem. >> there is a decline in confidence. there is
conversation up and continued that through the debt ceiling. there are these number of deadlines coming up. by doing this, they move up the spending that conversation. they hope to get the ball rolling there and hope to continue that through the next round of debt ceiling talks. remember, neil, there are two issues that the rating agencies are looking for, they want an orderly increase of the debt ceiling. they say no strings attached. you go further down into those press releases and they are saying, we want a budget deal, this year, 2013. that is something that republicans are looking for and that is something they hope to secure out of all of this. neil: peter barnes, if you are still with me, too, i want to bring you into this. secretary of state hillary clinton with john kerry. there was a clear message in the president's remarks that, of course, the u.s. will always be involved, i am paraphrasing of course. there is clearly a pullback here. a mentality expressed by the likes of chuck hagel and, of course, john kerry that the u.s. should not be involved in each and every crisis that c
the way to a solution. we have two points we can leverage. one is the debt ceiling. the other is the cr that comes due on march 27th. the cr might be a the better place to use that leverage. but one place or another we need to decide that both sides need to come together at the table of common sense and begin to put america on a sustainable course of economics. >> what does a guy like you say then to the tougher parts of the republican party? not as many are in the senate as in the house. you talk about simpson bouls. i agree. most americans would find simpson/bowles a little tough. there are some difficult things in there most republicans and democrats wouldn't even put forward. the vice presidential candidate, paul ryan, was one of those guys on that committee and didn't vote for it. how do we get hard line republicans to say these are tough decisions, they're not going to be palatable, they're way further than most republicans would go in terms of debt spending cuts? >> ali, we have a tough problem. whatever solutions we come up with are going to be tough. but i would prefer tough so
to come into washington the week before the debt ceiling is hit and they're going to pressure you to cave. i actually disagree with andrew here. i think that the scenario that mcconnell laid out in that obama is willing to take is a much smarter approach because as of now, raising the debt ceiling, the responsibility for it is diffuse and spread across congress so they can pass blame and pass responsibility around so they might actually not do it. whereas, if the main responsibility is on the president, then whatever party that president is in, he is always going to do it. it would still allow the congress, if they desperately wanted the country to default, by a two-thirds vote, they could override the veto, and they could push the country into default. it still allows him to blow everything up if they are really passionate about it. it takes this off the table, and it does it in a much more rationale way. >> we've learned that as the fiscal cliff showed us, this is all about giving cover to the more raucus members of your caucus, right? this allows john boehner to sort of move forward, p
months and come back to see what things we can do to make america a better country. debt ceiling is forcing these people to compromise. bill: thank you, art. >> thank you, bill. bill: it will be bloody in washington, d.c. thank you, art out of nashville. >> thank you very much, bill. martha: it was an emergency landing. batteries melting down in midair. now the aircraft billed as the future of commercial aviation is really grounded at this point the nightmare for the boeing 787 dreamliner. bill: reclaiming a theater from the memry of a massacre. how some victims of the colorado shooting are healing today you but not forgetting about the man accused of killing 12. >> saw a lot of reports how he is crazy. don't make that mistake. he is not crazy. he is evil. martha: grounded. the faa ordering an immediate halt to all flights of the boeing 787 dreamliner after an emergency landing and unexplained overheating batteries is the issue in this plane. dan springer is live in seattle. what is the immediate impact of all this, dan? >> reporter: martha, officially it is a crisis for boeing.
in. it makes no sense. >> last word, susan. >> when it comes to the economy and the debt ceiling being they have fumbled the ball, but they're right to ask for spending decreases in spending. >> two different things. >> and they've backed themselves into a corner with sequestration and the debt ceiling. it doesn't make sense the way they handled it because they're politicians and they don't want to say i'm for cutting x, y and z. >> they're americans first. >> i agree. >> and they do have -- but the republicans already took the tax increases. they agreed to the tax ines krooes. the democrats have not put nor the president have put on deficit reduction on the table and that's what needs to happen so we can all move forward. the republicans stepped up and did tax increases and it's time for the democrats to step up and do deficit reduction. >> i have to wrap it there. we'll take a break because we want to come back and get the worst and the best of the week. stay with us. [ coughs ] ♪ you can't let a cold keep you up tonight. [ snores ] vicks nyquil. powerful nighttime 6-symptom
an inauguration gift for president obama. they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because
in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hea
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